LIHIX vs. LTRIX

Last updated Jul 4, 2026

LIHIX (BlackRock LifePath Index 2045 Fund Institutional) and LTRIX (Principal LifeTime 2045 Fund) are both Target Retirement Date funds. Over the past 10 years, LIHIX returned 10.99%/yr vs 10.96%/yr for LTRIX. With a 0.97 correlation, they move nearly in lockstep. LIHIX charges 0.14%/yr vs 0.01%/yr for LTRIX.

Performance

LIHIX vs. LTRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2045 Fund Institutional (LIHIX) and Principal LifeTime 2045 Fund (LTRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIHIX achieves a 10.19% return, which is significantly higher than LTRIX's 7.48% return. Both investments have delivered pretty close results over the past 10 years, with LIHIX having a 10.99% annualized return and LTRIX not far behind at 10.96%.

LIHIX

• 1D: 0.14%
• 1M: -0.21%
• 6M: 9.51%
• YTD: 10.19%
• 1Y: 19.56%
• 3Y*: 16.12%
• 5Y*: 8.50%
• 10Y*: 10.99%

LTRIX

• 1D: 0.18%
• 1M: -0.36%
• 6M: 6.64%
• YTD: 7.48%
• 1Y: 14.81%
• 3Y*: 16.16%
• 5Y*: 8.11%
• 10Y*: 10.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LIHIX vs. LTRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIHIX BlackRock LifePath Index 2045 Fund Institutional	10.19%	19.01%	11.80%	20.26%	-18.10%	17.74%	13.93%	26.15%	-7.55%	21.02%
LTRIX Principal LifeTime 2045 Fund	7.48%	16.69%	16.90%	19.40%	-18.51%	16.55%	16.33%	25.81%	-8.34%	21.38%

Correlation

The correlation between LIHIX and LTRIX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since May 31, 2011	0.97

The correlation between LIHIX and LTRIX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

LIHIX vs. LTRIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LIHIX

LIHIX Risk / Return Rank: 63
LIHIX Sharpe Ratio Rank: 62
LIHIX Sortino Ratio Rank: 60
LIHIX Omega Ratio Rank: 60
LIHIX Calmar Ratio Rank: 62
LIHIX Martin Ratio Rank: 71

LTRIX

LTRIX Risk / Return Rank: 40
LTRIX Sharpe Ratio Rank: 36
LTRIX Sortino Ratio Rank: 36
LTRIX Omega Ratio Rank: 37
LTRIX Calmar Ratio Rank: 39
LTRIX Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LIHIX vs. LTRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2045 Fund Institutional (LIHIX) and Principal LifeTime 2045 Fund (LTRIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LIHIX	LTRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.36	+0.39
Sortino ratio: Return per unit of downside risk	2.45	1.94	+0.51
Omega ratio: Gain probability vs. loss probability	1.32	1.25	+0.07
Calmar ratio: Return relative to maximum drawdown	2.43	1.93	+0.50
Martin ratio: Return relative to average drawdown	10.42	8.36	+2.06

LIHIX vs. LTRIX - Sharpe Ratio Comparison

The current LIHIX Sharpe Ratio is 1.75, which is comparable to the LTRIX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of LIHIX and LTRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LIHIX vs. LTRIX - Drawdown Comparison

The maximum LIHIX drawdown since its inception was -33.31%, smaller than the maximum LTRIX drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for LIHIX and LTRIX.

Drawdown Indicators

	LIHIX	LTRIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.31%	-51.39%	+18.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-8.04%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-15.72%	-14.47%	-1.25%
Max Drawdown (5Y) Largest decline over 5 years	-25.92%	-26.25%	+0.33%
Max Drawdown (10Y) Largest decline over 10 years	-33.31%	-31.56%	-1.75%
Current Drawdown Current decline from peak	-0.94%	-1.15%	+0.21%
Average Drawdown Average peak-to-trough decline	-4.38%	-7.17%	+2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.85%	+0.08%

Volatility

LIHIX vs. LTRIX - Volatility Comparison

BlackRock LifePath Index 2045 Fund Institutional (LIHIX) and Principal LifeTime 2045 Fund (LTRIX) have volatilities of 4.63% and 4.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIHIX	LTRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	4.65%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	9.55%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	11.41%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.63%	14.70%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	14.76%	+0.91%

LIHIX vs. LTRIX - Expense Ratio Comparison

LIHIX has a 0.14% expense ratio, which is higher than LTRIX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

LIHIX vs. LTRIX - Dividend Comparison

LIHIX's dividend yield for the trailing twelve months is around 2.52%, less than LTRIX's 8.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIHIX BlackRock LifePath Index 2045 Fund Institutional	2.52%	2.78%	0.01%	2.19%	2.01%	2.29%	1.09%	3.32%	2.43%	2.29%	1.55%	3.11%
LTRIX Principal LifeTime 2045 Fund	8.66%	9.31%	9.40%	4.25%	8.71%	6.75%	4.62%	6.93%	7.50%	4.57%	4.48%	5.42%

Frequently Asked Questions

Can I hold both LIHIX and LTRIX in my portfolio?

With a correlation of 0.97, LIHIX and LTRIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LIHIX or LTRIX?

LTRIX has higher volatility (4.65%) compared to LIHIX (4.63%). In terms of maximum drawdown, LIHIX dropped -33.31% vs LTRIX's -51.39%.

Which has better risk-adjusted returns?

LIHIX currently has the higher Sharpe Ratio (1.75 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.